New credit union to help people avoid loan sharks

A new credit union, Potters' Bank, has launched in Stoke-on-Trent to combat loan sharks and provide financial relief for those in need. Businessman James Adams and the city council initiated this credit union to assist people facing unexpected expenses like car or appliance repairs. With Stoke-on-Trent having the highest number of individual insolvencies in the UK, Potters' Bank aims to offer low-cost loans to support the financially struggling, helping them avoid payday lenders or illegal loan providers.